Download THE WEALTH GAP (2)

THE WEALTH GAP
The Gross National Product (GNP) is the value (in US Dollars) of a country’s final output of goods and
services in a year. It is calculated by adding up the amount of money spent on a country’s final output of
goods and services, or by totaling the income of all citizens’ of a country including the income from
factors of production used abroad. Gross Domestic Product (GDP) only includes income from goods and
services earned within a country. The Per Capita GNP is the total GNP/population. For a developed
nation the cut off for establishing developed nation status is $3,500.
Average Income: Developed - $25,480
Developing - $520
Middle Income - $2,900
Website: https://www.cia.gov/library/publications/the-world-factbook/
Using the above website, select one country from each of the following areas of the world and fill out the
data table.
ANALYSIS QUESTIONS
1.List the developing and developed countries
Developed____________________________________________________________________
Developing___________________________________________________________________
2.Using the parameters you researched above, list 5 identifying characteristics of developing countries.
(a)________________________________________________________________________________
(b)________________________________________________________________________________
(c)________________________________________________________________________________
(d)________________________________________________________________________________
(e)________________________________________________________________________________
3.How is wealth created?______________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
4.How do GDP and GNP differ?________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
5.What is the contribution to world pollution?
Developed___________________________________________________________________
Developing__________________________________________________________________
6. Calculate the per capita GDP of the United States based on a total population of 275 million and a
GDP of 9.2 trillion.
____________________________________________________________________________________
____________________________________________________________________________________
------------------------------------------------------------------------------------------------------------------------------Table:__________________________________________________________________
Africa
Country name
GDP/per capita
GDP composition
by sector
Debt
Labor Force
Unemployment
Export
Commodities
Import
Commodities
Population
Population below
Poverty line
Infant mortality
Life expectancy
Population
Growth rate
Age Structure
Asia
Australia
Europe
North
America
South
America
Central
America